The Trump Family's Latest Tech Ventures: A Look at Their New Smartphone and Crypto ETF

The Trump family has been busy expanding their business ventures. Their latest moves include a new smartphone and a crypto exchange-traded fund (ETF). These ventures are part of a broader strategy to diversify their portfolio. However, these moves have not been without controversy. Critics argue that these business deals could potentially damage the reputation of the U. S. Presidency. The Trump Media and Technology Group recently provided more details about their upcoming crypto ETF. This ETF will invest in Bitcoin and Ethereum, with a 75:25 ratio. Crypto. com will handle the ETF's custody, execution, staking, and liquidity. This is not the first time the group has filed a registration statement for a crypto ETF. They previously filed one for a Bitcoin ETF in June. The group's board approved a significant budget for setting up customized SMAs and ETFs under the Truth. Fi brand back in January. The Trump Media and Technology Group has also raised a substantial amount of money. They secured $2. 3 billion through convertible notes and an equity offering. This funding will go towards a dedicated Bitcoin Treasury. President Trump is the largest shareholder in the group, but he has transferred his stake to a trust led by Donald Trump Jr. Meanwhile, Trump Mobile, a venture by Don Jr. and Eric Trump, has started taking pre-orders for a new smartphone. The T1 Mobile, priced at $499, is set to commemorate the 10-year anniversary of President Trump's first presidential campaign. The smartphone is expected to hit the market in August. It is described as a sleek, gold device designed and built in the United States. Trump Mobile is also offering a unique plan for $47. 45 per month. This plan includes access to 5G internet, unlimited calls, texts, and data, device protection, 24/7 roadside assistance, telehealth services, and free international calling to over 100 countries. This plan seems to be a competitive offering in the crowded smartphone market. The Trump family's ventures into technology and cryptocurrency are bold moves. They are expanding their business empire while facing scrutiny from critics. Only time will tell how successful these ventures will be. However, one thing is clear: the Trump family is not afraid to take risks and innovate. This could be a good thing or a bad thing. It depends on who you ask. It is important to think critically about these developments. They have the potential to shape the future of technology and finance in significant ways.